In pricing a product, managers should consider which of the following?
A)Only fixed costs
B)Only variable costs
C)Only period costs
D)None of the above

Question

Quizplus · Accepted Answer

In pricing a product, managers should consider both fixed and variable costs, as well as period costs such as marketing and administrative expenses. Failing to consider any of these costs could lead to incorrect pricing decisions that may negatively impact the company's profitability. Therefore, the best choice is D, as it acknowledges the need to consider all relevant costs when setting a price for a product.

In Pricing a Product, Managers Should Consider Which of the Following